The Formula 1-absent and now defunct US F1 team has been told that it may never again apply to enter an FIA championship, following its failure to make the 2010 grid and - in the process of signing up - having deprived others of the chance. The Ken Anderson and Peter Windsor-formed outfit has also received a 309,000 euro fine.

Following claims that the Canadian GP was his worst performance since returning to F1, Michael Schumacher has dismissed his critics saying that their comments are simply to attract attention.

Defunct US F1 team is banned from Formula One and fined for not racing in the world championship.

The chairman of the Pirelli Group, Marco Tronchetti Provera, and Pirelli Tyre's managing director, Francesco Gori, have today presented the company's plans for supplying tyres to F1 for the three-year period between 2011-2013.

USF1 has been hit with a 309,000 euro fine for its failure to take part in the 2010 FIA Formula One World Championship.

Thursday's press conference from Valencia, with Alonso, Alguersuari, de la Rosa, Petrov and Liuzzi.

Formula One's feeder series GP2 announced on Thursday evening it signed an agreement with tyre manufacturer Pirelli. Pirelli will become the series' official supplier starting from 2011. Pirelli currently supplies the GP3 series and will become F1's official supplier next season too.

GP2 Series organizers have announced an agreement with tyre manufacturer Pirelli who become their official supplier starting from 2011 and for the following two seasons.

Ferrari's Fernando Alonso says he is hopeful of a good showing at the European Grand Prix after his team add a major upgrade to their car.

After a busy week of mid-season testing the GP3 Series returns to racing action this weekend at the European Grand Prix in Valencia.

While the first round of the 2010 GP2 season was dominated by two rookies, the following rounds became the playing-ground for more experienced drivers.

The BMW Sauber Formula 1 team has revealed it will introduce the team's first mid season update in Valencia this weekend. The upgrade mainly includes a new aerodynamic update of the car for the European Grand Prix.

Mercedes Grand Prix team boss Ross Brawn expects to see his car to be competitive in Valencia this weekend. The team will introduce an upgrade package which should be another good step forward in the team's development according to Brawn.

Mercedes Grand Prix team boss Ross Brawn expects to see his car to be competitive in Valencia this weekend. The team will introduce an upgrade package which should be another good step forward in the team's development according to Brawn.

Robert Kubica is one of the few drivers who actually is looking forward to the challenging street circuit in Valencia. The Renault F1 driver expects the track to suit his car in this weekend's European Grand Prix.

Michelin motorsport boss Nick Shorrock has revealed that the French manufacturer never officially applied to become the tyre supplier for the Formula One World Championship following Bridgestone's withdrawal.

The FIA's Formula One Commission has agreed that Sauber can change its team name from the end of the current season.

Pirelli has issued a statement following its appointment as the sole tyre supplier for F1 for the next three seasons.

Upgrades, updates, developments - call them what you want, they mean performance in F1 and the development race off the track is just as fierce as the battle on the track.

This weekend's European Grand Prix in Valencia will take place in perfect weather conditions for both drivers and fans. Temperatures in Valencia are up to 28 °C this week and won't change a bit during the Grand Prix weekend that will get under way at 10.00am Friday morning.

Felipe Massa is confident that he still holds a possibility of picking up his first drivers’ crown this season, despite several Formula 1 insiders having casted doubts over the Brazilian’s chances. The Ferrari driver lies eighth in the championship table and 42 points off leader Lewis Hamilton following the Canadian Grand Prix.

This weekend’s European Grand Prix on the streets of Valencia will mark the halfway point in the 2010 season. Although the occasion is being hosted for only the third time in the home of legendary dish Paella, the Europe event itself dates back to a September afternoon at Brands Hatch in 1983.